Mingteng International Corp Inc.

Mingteng International Corp Inc. (MTEN) priced its initial public offering on Apr 19, 2024 at $4.00 per share, within its $4.00–$6.00 range, raising $4.2M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $24.2M. Craft Capital was lead-left underwriter. Ortoli Rosenstadt, Mourant and Jiangsu Junjin Law Firm advised the company and Sichenzia Ross Ference Carmel advised the underwriters.

Mingteng International Corp Inc. is a Cayman Islands holding company whose PRC subsidiary, Wuxi Mingteng Mould, founded in 2015, develops and supplies molds for auto parts in China, mainly casting molds for turbocharger and braking systems, serving automobile parts manufacturers.

Status

IPO

Ticker

MTEN

Exchange

Nasdaq Capital Market

Priced

Apr 19, 2024

IPO price

$4.00

Price range

$4.00–$6.00

Raised

$4.2M

Market cap at IPO price

$24.2M

First filed

Mar 29, 2023

Underwriters

Craft Capital

Company counsel

Ortoli Rosenstadt, Mourant and Jiangsu Junjin Law Firm

Underwriters' counsel

Sichenzia Ross Ference Carmel

Sector

Industrials & materials

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.